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Managing a practice - Queensland Law Society
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Conditions<i class='fas fa-chevron-right'></i></a></nav></div></div></div><div class='main-nav-accordion accordion simple'><div class='accordion__item'><div class='accordion__header'><span>Practising Law in QLD</span><i class='fas fa-chevron-down'></i></div><div class='accordion__body'><nav><a href='/Practising-law-in-Qld/Regulation/Renewals' target='_top'>Renewals<i class='fas fa-chevron-right'></i></a><a href='/Practising-law-in-Qld/Working-as-a-solicitor' target='_top'>Working as a solicitor<i class='fas fa-chevron-right'></i></a><a href='/Practising-law-in-Qld/Legislation-and-Rules' target='_top'>Legislation and Rules<i class='fas fa-chevron-right'></i></a><a href='/Practising-law-in-Qld/Fees' target='_top'>Fees<i class='fas fa-chevron-right'></i></a><a href='/Practising-law-in-Qld/Qualifying-as-a-solicitor-in-QLD' target='_top'>Qualifying as a solicitor in Qld<i class='fas fa-chevron-right'></i></a><a href='/Practising-law-in-Qld/ADR/Alternative-Dispute-Resolution' 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href="/Practising-law-in-Qld/Practice/Managing-a-practice/Costs" class=""> <span>Costs</span> </a> <i class="fas fa-chevron-right"></i> </div> </div> </nav> </div> </div> <div class="accordion__item"> <div class="accordion__header xsidebar"> <a href="/Pages/Resources" class=""> <span>Resources</span> </a> <i class="fas fa-chevron-down"></i> </div> <div class="accordion__body"> <nav> <div class="child_accordion__item"> <div class="child_accordion__header xsidebar"> <a href="/Forms-Library" class=""> <span>Forms Library</span> </a> </div> </div> <div class="child_accordion__item"> <div class="child_accordion__header xsidebar"> <a href="/Practising-law-in-Qld/Resources/Property-Central" class=""> <span>Property Central</span> </a> </div> </div> <div class="child_accordion__item"> <div class="child_accordion__header xsidebar"> <a href="/Practising-law-in-Qld/Practice/Managing-a-practice/REIQ-Property-Contracts" class=""> <span>REIQ Contracts</span> </a> <i class="fas fa-chevron-right"></i> </div> </div> <div class="child_accordion__item"> <div class="child_accordion__header xsidebar"> <a href="/Practising-law-in-Qld/Enduring-power-of-attorney-and-advance-health-dire" class=""> <span>Power of attorney and advance health directive forms</span> </a> </div> </div> <div class="child_accordion__item"> <div class="child_accordion__header xsidebar"> <a href="/Practising-law-in-Qld/Resources/Remote-Witnessing-and-Electronic-Signatures" class=""> <span>Remote Witnessing and Electronic Signatures</span> </a> </div> </div> <div class="child_accordion__item"> <div class="child_accordion__header xsidebar"> <a href="/Practising-law-in-Qld/Resources/Search-Warrant-Guidelines" class=""> <span>Search Warrant Guidelines</span> </a> </div> </div> <div class="child_accordion__item"> <div class="child_accordion__header xsidebar"> <a href="/Practising-law-in-Qld/Resources/Cybersecurity" class=""> <span>Cybersecurity</span> </a> </div> </div> <div class="child_accordion__item"> <div class="child_accordion__header xsidebar"> <a href="/Practising-law-in-Qld/Resources/COVID-19" class=""> <span>COVID-19</span> </a> <i class="fas fa-chevron-right"></i> </div> </div> <div class="child_accordion__item"> <div class="child_accordion__header xsidebar"> <a href="/Practice-Support-Tips" class=""> <span>Practice Support Tips </span> </a> <i class="fas fa-chevron-right"></i> </div> </div> </nav> </div> </div> </div> <a id="286" class="randombanner pageleft" href="https://qlsevents.eventsair.com/annual-specialist-accreditation-christmas-breakfast24/registration/Site/Register" target="_blank" > <img src="/QLS/media/Ads/PageLeft/20241014_QLS-SpecAccred_Xmas_GOOGLE-MED-REC_SML.jpg?ext=.jpg" alt="Spec Christmas Brekky" /> </a> <script> //jQuery.noConflict(); jQuery(document).ready(function ( $ ) { $('#286').click(function () { $.ajax({ type: 'GET', url: "/RandomBanner/BannerClicked?bannername=Spec Christmas Brekky&bannerpageurl=https://www.qls.com.au/Practising-law-in-Qld/Practice/Managing-a-practice&targeturl=https://qlsevents.eventsair.com/annual-specialist-accreditation-christmas-breakfast24/registration/Site/Register&banneraliaspath=/Banners/PageLeft/Spec-Christmas-Brekky", // data: { model: model }, success: function (response) { window.location.href = response; //alert(response); }, error: function (response) { //alert('error'); console.log(response); } }); }); }); </script> </div> <div class="col-lg-9"> <hr class="title-line"> <h1>Managing a practice</h1> <div id="contentarea" itemprop="articleBody"> <div class="full-width-bg"> <div class="container"> <div class="row"> <div class="widget col-lg-12"> <div class="fr-view"> <p>Topics of interest and resources available to those who manage a legal practice or an organisation conducting legal work. QLS supports legal practitioners with relevant information, guidelines and practice-related resources. </p> </div> </div> </div> </div> </div><div class="container"> <div class="row"> <div class="widget col-lg-12"> <div class="fr-view"> <h2>Regulatory obligations</h2> </div> </div> </div> </div> <div class="container"> <div class="row"> <div class="widget col-lg-6"> <div class="widget_5 mb-2 "> <div class="widget-content"> <h3 class="mb-0"> <a class="color-1" href="/Pages/Trust-accounts-content/Trust-Accounts" > Trust Accounts </a> </h3> <p class=" mb-2"> <p>Explore the range of resources and information available to help your manage a trust account in Queensland. </p> </p> <a href="/Pages/Trust-accounts-content/Trust-Accounts" class="lnkbtn">More information <i class="fa fa-angle-right"></i></a> </div> </div> </div> <div class="widget col-lg-6"> <div class="widget_5 mb-2 "> <div class="widget-content"> <h3 class="mb-0"> <a class="color-1" href="/Practising-law-in-Qld/Practice/Managing-a-practice/External-Interventions" > External interventions </a> </h3> <p class=" mb-2"> <p>QLS can appoint an external intervener to a law practice for the purpose of protecting the interests of the general public, the interests of clients and the interests of lawyers (in so far as they are not inconsistent with the interests of the general public and clients).</p> </p> <a href="/Practising-law-in-Qld/Practice/Managing-a-practice/External-Interventions" class="lnkbtn">More information <i class="fa fa-angle-right"></i></a> </div> </div> </div> </div> </div> <div class="container"> <div class="row"> <div class="widget col-lg-6"> <div class="widget_5 mb-2 "> <div class="widget-content"> <h3 class="mb-0"> <a class="color-1" href="/Practising-law-in-Qld/Regulation/Professional-Indemnity-Insurance" > Professional Indemnity Insurance </a> </h3> <p class=" mb-2"> <p>Every law practice in Queensland must hold professional indemnity insurance that complies with the <i>Queensland Law Society Indemnity Rule 2005</i>.</p> </p> <a href="/Practising-law-in-Qld/Regulation/Professional-Indemnity-Insurance" class="lnkbtn">More information <i class="fa fa-angle-right"></i></a> </div> </div> </div> <div class="widget col-lg-6"> <div class="widget_5 mb-2 "> <div class="widget-content"> <h3 class="mb-0"> <a class="color-1" href="/Practising-law-in-Qld/Regulation/QLS-Policies-and-Guidelines-on-regulatory-matters" target=_blank> Regulation Policies and Guidelines </a> </h3> <p class=" mb-2"> <p>QLS has a number of policies that govern how we regulate Queensland solicitors and Incorporated Legal Practices. These policies and guideline mental health, employing lay associates, bankruptcy amongst others. <br></p> </p> <a href="/Practising-law-in-Qld/Regulation/QLS-Policies-and-Guidelines-on-regulatory-matters" target="_blank" class="lnkbtn">More information <i class="fa fa-angle-right"></i></a> </div> </div> </div> </div> </div> <div class="container"> <div class="row"> <div class="widget col-lg-12"> <div class="widget_hr"> <hr /> </div> </div> </div> </div> <div class="container"> <div class="row"> <div class="widget col-lg-12"> <div class="fr-view"> <h2>QLS services for your practice</h2> </div> </div> </div> </div> <div class="container"> <div class="row"> <div class="widget col-lg-6"> <div class="widget_5 mb-2 "> <div class="widget-content"> <h3 class="mb-0"> <a class="color-1" href="/Practising-law-in-Qld/Practice-Support/Practice-Support" > Practice Support </a> </h3> <p class=" mb-2"> <p>Queensland Law Society has developed a comprehensive range of offerings, both to support you individually, and also to help you run your practice efficiently, ethically and profitably.<br></p> </p> <a href="/Practising-law-in-Qld/Practice-Support/Practice-Support" class="lnkbtn">More information <i class="fa fa-angle-right"></i></a> </div> </div> </div> <div class="widget col-lg-6"> <div class="widget_5 mb-2 "> <div class="widget-content"> <h3 class="mb-0"> <a class="color-1" href="/Services" > QLS Service Directory </a> </h3> <p class=" mb-2"> <p>Services available to members to protect you, support you, and help you grow your business.</p> </p> <a href="/Services" class="lnkbtn">More information <i class="fa fa-angle-right"></i></a> </div> </div> </div> </div> </div> <div class="container"> <div class="row"> <div class="widget col-lg-12"> <div class="widget_hr"> <hr /> </div> </div> </div> </div> <div class="container"> <div class="row"> <div class="widget col-lg-12"> <div class="fr-view"> <h2>Frequently used resources</h2> </div> </div> </div> </div> <div class="container"> <div class="row"> <div class="widget col-lg-6"> <div class="widget_5 mb-2 "> <div class="widget-content"> <h3 class="mb-0"> <a class="color-1" href="/Practising-law-in-Qld/Practice/Managing-a-practice/REIQ-contracts" > REIQ Contracts </a> </h3> <p class=" mb-2"> <p>Sale contracts prepared jointly by QLS and REIQ. These are provided to QLS full members. You must be logged in to view.</p> </p> <a href="/Practising-law-in-Qld/Practice/Managing-a-practice/REIQ-contracts" class="lnkbtn">More information <i class="fa fa-angle-right"></i></a> </div> </div> </div> <div class="widget col-lg-6"> <div class="widget_5 mb-2 "> <div class="widget-content"> <h3 class="mb-0"> <a class="color-1" href="/Practising-law-in-Qld/Practice/Managing-a-practice/Interest-Rates" > Interest rates </a> </h3> <p class=" mb-2"> <p>Information about current and historical interest rates as set by the Family, Federal, Supreme, District and Local Courts as well the Court Suitors fund. 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